Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires New Position in Eversource Energy $ES

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Eversource Energy (NYSE:ES) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 9,242 shares of the utilities provider’s stock, valued at approximately $622,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its position in Eversource Energy by 5.4% in the third quarter. Alps Advisors Inc. now owns 386,853 shares of the utilities provider’s stock worth $27,521,000 after acquiring an additional 19,795 shares in the last quarter. Synergy Asset Management LLC boosted its position in shares of Eversource Energy by 287.7% during the 3rd quarter. Synergy Asset Management LLC now owns 160,322 shares of the utilities provider’s stock worth $10,783,000 after purchasing an additional 118,971 shares in the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of Eversource Energy during the 3rd quarter worth $868,000. Oregon Public Employees Retirement Fund grew its stake in shares of Eversource Energy by 34.0% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 42,460 shares of the utilities provider’s stock worth $3,021,000 after purchasing an additional 10,775 shares during the period. Finally, Baillie Gifford & Co. grew its stake in shares of Eversource Energy by 11.8% during the 3rd quarter. Baillie Gifford & Co. now owns 222,561 shares of the utilities provider’s stock worth $15,833,000 after purchasing an additional 23,451 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

Eversource Energy Trading Down 0.0%

NYSE:ES opened at $69.46 on Friday. Eversource Energy has a 52-week low of $52.28 and a 52-week high of $76.41. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.66. The stock has a fifty day simple moving average of $71.21 and a 200-day simple moving average of $70.20. The company has a market capitalization of $26.10 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 3.74 and a beta of 0.76.

Eversource Energy (NYSE:ES) last posted its earnings results on Thursday, February 12th. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.94 billion. Eversource Energy had a net margin of 12.49% and a return on equity of 11.18%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $1.01 EPS. Eversource Energy has set its FY 2026 guidance at 4.800-4.950 EPS. On average, equities research analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th were paid a dividend of $0.7875 per share. This is a positive change from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.5%. Eversource Energy’s dividend payout ratio is 68.93%.

Insider Transactions at Eversource Energy

In related news, insider John Y. Kim sold 6,000 shares of Eversource Energy stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $73.57, for a total transaction of $441,420.00. Following the completion of the transaction, the insider directly owned 12,339 shares in the company, valued at $907,780.23. The trade was a 32.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cotton M. Cleveland sold 2,581 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $74.87, for a total value of $193,239.47. Following the completion of the sale, the insider directly owned 79,364 shares in the company, valued at approximately $5,941,982.68. The trade was a 3.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 16,381 shares of company stock valued at $1,211,079 in the last ninety days. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

ES has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. UBS Group lowered their target price on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Mizuho dropped their target price on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. BMO Capital Markets reduced their price target on shares of Eversource Energy from $79.00 to $75.00 and set a “market perform” rating for the company in a research report on Monday, March 23rd. Finally, Bank of America lowered their price target on Eversource Energy from $82.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $71.90.

About Eversource Energy

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.